YOU'RE ONLY FOUR EASY STEPS FROM GETTING YOUR CUSTOMIZED SIGNATURE READY PROMISSORY NOTE

1. In the table below, enter the information specific to your loan agreement.
2. Use your credit card to pay $14.95 for the custom-tailored Document.
3. Print the Document that is immediately emailed to you.
4. Have both parties sign the document. Breathe a sigh of relief--you have your agreement in writing!

Below are the descriptions of the information we need from you.	Give us your information in the boxes below.	Below is helpful information to quickly guide you through this process.
*Denotes Required Information Information About The Parties And The Document
Enter the lender's full name:
Select the lender's state:	Select A State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming
Enter the borrower's full name:
Enter the second borrower's full name (if any):		Leave this field blank if there is only one borrower.
Enter the principal amount being loaned:	$	Tell me about the principal amount. Do NOT enter the dollar sign, we will add that for you.
Enter the annual interest rate on the amount being loaned:	%	Tell me about the interest rate. Do NOT enter the percent sign, we will add that for you. (Ex: 7.75)
Select how the borrower will repay the loan:	On Demand After A Set Term	Tell me about the differences between these options
Enter the number of months the borrower has to pay the lender back:		Enter the months as a numeral. (Ex: 24 for two years or 60 for five years)

Principal Amount:

The principal amount of the loan is the sum of money being loaned from the lender to the borrower. This sum DOES NOT include the interest portion; you will enter the interest portion later.

Interest Rate:

The interest rate is the cost of borrowing money. The rate is expressed as a percentage. Our interest rate calculator uses simple annual interest. Enter the interest rate applicable to your loan in this box as a numeral.

Demand Note:

A loan payable "On Demand" is one in which the lender leaves the loan open until the lender calls it due. In other words, there is no set term or schedule for repayment. This type of open-ended loan is helpful when the borrower isn't sure exactly when he or she will be able to repay the loan and the lender isn't concerned with getting the loan repaid within a predetermined time frame. It's a very flexible arrangement. Of course, interest accrues on the Principal Amount every day the loan remains unpaid.

In our version of the Demand Note, the lender can demand payment in full by giving three days' written notice to the borrower. The borrower can also voluntarily pay off the loan at any time before demand is made.

Set Term:

A loan payable within a set period of time is the more common type of Promissory Note. In this arrangement, the borrower has a predetermined number of months to use the money, at the end of which time the borrower must fully repay the principal amount and all accrued interest in one lump sum. In our version of the Promissory Note, the borrower can prepay all or a portion of the principal amount before the due date without penalty.